Economic Relations between Turkey and Azerbaijan

GDP : 54,6 billion USD

GDP Growth Rate : %5,6

GDP per sector : Agriculture:%6,2, Industry:%51,7, Services:%42,1

GDP per capita : 5.452 USD

Inflation : %6,7

Unemployment : %5,96

Total Foreign Currency Reserve : 53,2 billion USD

Export : 22,2 billion USD

Import : 11,7 billion USD

Currency : Manat

Trade partners: Russia, Italy, Türkiye, People’s Republic of China

Exports : Petroleum and derivatives, natural gas, food products, plastics

Imports : Machinery, food products, vehicles and parts, iron-steel and products

Türkiye-Azerbaijan Economic Relations

Export goods: Machines, mechanical devices and tools, aerial vehicles, electrical machines and devices, plastics

Import goods: Cotton, cotton thread and textile, raw aluminum and products, plastics, mineral fuels, oils, natural gas

Turkish investment in Azerbaijan : 12 billion USD (2002-2020)

Azerbaijani investment in Türkiye : 19,5 billion USD (2002-2020)

Azerbaijani tourists visiting Türkiye : 470.618 (2021)

Trade Volume - 2021 (billion USD)

Export: 2,34

Import: 2,68

Volume: 5,02

Balance: -340 (million USD)